Gencor Industries (NASDAQ:GENC - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Tuesday.
Gencor Industries Trading Down 1.8 %
GENC traded down $0.38 during trading on Tuesday, hitting $21.06. The company's stock had a trading volume of 15,238 shares, compared to its average volume of 30,231. Gencor Industries has a twelve month low of $15.23 and a twelve month high of $24.88. The firm has a market capitalization of $308.74 million, a price-to-earnings ratio of 19.15 and a beta of 0.43. The business's fifty day simple moving average is $21.19 and its 200 day simple moving average is $20.38.
Institutional Trading of Gencor Industries
A number of institutional investors and hedge funds have recently modified their holdings of GENC. Acadian Asset Management LLC acquired a new stake in Gencor Industries during the 2nd quarter worth $163,000. Rhumbline Advisers lifted its stake in shares of Gencor Industries by 4.1% in the second quarter. Rhumbline Advisers now owns 11,767 shares of the company's stock worth $228,000 after buying an additional 465 shares in the last quarter. SageView Advisory Group LLC acquired a new position in Gencor Industries during the third quarter worth about $392,000. Squarepoint Ops LLC purchased a new stake in Gencor Industries during the 2nd quarter valued at about $377,000. Finally, Barclays PLC raised its holdings in Gencor Industries by 82.7% in the 3rd quarter. Barclays PLC now owns 21,957 shares of the company's stock valued at $459,000 after acquiring an additional 9,938 shares during the last quarter.
About Gencor Industries
(
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Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.
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